Verrica Pharmaceuticals Q2 2025 Earnings Call Transcript

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Provided by Quartr
August 12, 2025

Key Takeaways

  • Positive Sentiment: Record Q2 YCANT adoption: 13,434 dispensed applicator units represent a 32.8% sequential increase over Q1, underscoring strong commercial execution.
  • Positive Sentiment: Amended Torii agreement: Secured an $8 million milestone payment and up to $18 million in non-dilutive capital, plus a $40 million commitment to fund the global Phase III common warts program.
  • Positive Sentiment: BP315 program ready for Phase III: After a successful FDA End-of-Phase II meeting, the basal cell carcinoma candidate is moving toward pivotal trials with potential non-dilutive partnership financing.
  • Negative Sentiment: Cash runway pressure: GAAP cash and equivalents of $15.4 million as of 06/30/25 are insufficient to fund operations for a full year without milestone or warrant proceeds.
  • Neutral Sentiment: OrbiMed waiver secured: The credit agreement amendment removes the going concern qualification through 2025, maintaining financing support without immediate dilution.
AI Generated. May Contain Errors.
Earnings Conference Call
Verrica Pharmaceuticals Q2 2025
00:00 / 00:00

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Operator

Good evening, ladies and gentlemen, and welcome to the Verica Pharmaceuticals Second Quarter twenty twenty five Corporate Update Conference Call. At this time, all participants are in a listen only mode. After the speakers' remarks, there will be a question and answer session. As a reminder, this conference is being recorded.

Operator

I will now turn the call over to your host, Kevin Gardner of LifeSci Advisors. You may begin your conference.

Kevin Gardner
Managing Director at LifeSci Partners

Thank you, operator. Hello, everyone, and welcome to Verica Pharmaceuticals Second Quarter twenty twenty five Corporate Update Conference Call. With me on the line this evening are Jason Rieger, President and Chief Executive Officer of Verica Pharmaceuticals Noah Rosenberg, Chief Medical Officer John Kirby, Interim Chief Financial Officer and David Zawitz, Chief Operating Officer. As a reminder, during today's call, management will make forward looking statements. These forward looking statements are based on the company's current expectations and involve inherent risks and uncertainties.

Kevin Gardner
Managing Director at LifeSci Partners

Verica's actual results and the timing of events could differ materially from those anticipated in such forward looking statements. Please see Verica's SEC filings for important risk factors. Verica cautions you not to place undue reliance on forward looking statements and undertakes no duty or obligation to update any forward looking statements as a result of new information, future events or changes in expectations. In addition, during today's call, management will discuss certain non GAAP financial measures. These non GAAP financial measures are in addition to and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP.

Kevin Gardner
Managing Director at LifeSci Partners

There are a number of limitations related to the use of these non GAAP financial measures compared to their closest GAAP equivalents. The earnings release that the company issued today includes GAAP to non GAAP reconciliations for these measures and is also available on the Investor Relations section of Verica's website. I'll now turn the call over to Verica's President and CEO, Jason Rieger.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Thank you, Kevin, and good evening, everyone, and thank you for joining us for our second quarter twenty twenty five corporate update call. The second quarter featured a number of notable accomplishments across multiple areas of our business, each of which has made us stronger as a company. First and foremost, I'm very pleased with the continued execution from our commercial team, which continues to grow our YCANT business and is now helping thousands of patients and their families treat molluscum contagiosum every month. On July 9, we reported a record 13,434 WICANT dispensed applicator units in the second quarter, which represents sequential quarterly growth of 32.8% over the prior quarter. In a moment, I will describe in more detail our recent business experience and the tailwinds that are helping to drive this growth.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

We also made major progress in strengthening our relationship with Torii Pharmaceutical, our development partner for YCAM in Japan. As we announced on July 1, at the end of the quarter, we executed an amendment to our agreement with Tory, whereby we secured Tory's financial commitment to starting our planned global phase three program to study YCANTH in patients with common warts. And we also received an $8,000,000 milestone payment from Tory shortly thereafter in July. I'll describe in greater detail later in the call the financial and strategic benefits stemming from the Tory amended agreement, which we view as a significant driver of value for our shareholders into the future. I'll also share a brief update on our development plans for BP315, our other late stage pipeline asset, which is ready for Phase III trials for the treatment of basal cell carcinoma.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

We believe this program has strong potential to drive future value for Verica. Finally, John will take and provide a detailed review of our second quarter financials. I will now provide a more detailed update on our commercial activities for YCANT. Our strong second quarter results once again reflected our focused commercialization strategy. Starting in the 2024, we began to focus on those territories with high prevalence of molluscum and robust medical and pharmacy benefit coverage.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

As our strong sequential growth in the second quarter demonstrates, this more focused commercial strategy is resonating with healthcare professionals. We believe that these providers are experiencing positive outcomes for their patients, and we expect to continue to build these relationships across both pediatric and dermatology practices, driving continued expansion in YCANTH utilization. In addition, we continue to make substantial investments in our commercial copay assistance program, which allows patients with commercial insurance to pay just $25 per YCANTH treatment for up to two applicators, which provides physicians with comfort knowing that their patients will find affordable access for YCANF. Our priority has been making YCANF broadly available so that many healthcare professionals as possible can treat their patients. To this end, and because of that investment, we have seen an increase in utilization of the copay program during the second quarter, and we believe utilization of the copay program may continue to increase in future quarters as more prescribers use this important option to support their patient's treatment with YCANP.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Given our success in growing our core business over the last two quarters, we are now applying the same disciplined approach to expand into additional territories where demand and reimbursement for YCANT is likely to be strong and sustainable. As noted on our first quarter call, we started recruiting sales representatives for these new territories, splitting territories covering certain large markets and entering into these new markets as well. Consistent with the first quarter, we have continued to add local independent regional pharmacies to our pharmacy distribution network, along with our national specialty pharmacy partners. Our approach to distribution of YCANT continues to focus on making YCANT available where healthcare professionals prefer to write their prescriptions, and we continue to see strong adoption with this approach. For the second consecutive quarter, YCANT inventory remained at normalized levels with YCANT applicator units shipped to distributors continuing to closely track underlying market demand of dispensed applicators.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

In terms of commercial operating costs, as I mentioned earlier, we expect to selectively add sales personnel based on identifying additional high value territories with our disciplined criteria. Looking ahead to the 2025, we remain confident in generating strong and sustainable growth, primarily driven by YCANT's unique set of product attributes. As an in office treatment, healthcare professionals who choose YCANT can directly observe the dosing compliance for their patients. We believe ensuring that patients complete the treatment cycle established by their physicians contributes to the clinical safety and efficacy profile of YCANT. We believe in office treatment provides gives providers a role in making sure patients are actively treated properly rather than just being seen in the office and prescribed a product to take home.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

As at home treatments have historically shown only modest patient compliance in dermatology. In addition, our product provides an incremental revenue opportunity for pediatricians while maintaining historic billing models for dermatologists. In summary, we are very excited about the progress we have made so far this year. We believe YCANT is a product with exceptional growth potential and will be the new standard of care available for the millions of patients impacted by molluscum contagiosum. Before providing an update on our pipeline, I would first like to touch upon our recently amended agreement with Torrey Pharmaceutical, which as I mentioned has significant benefits for our company.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

On July 1, we announced a second amendment to our existing collaboration and license agreement with Tori, securing Tori's commitment to launch with Verica a global pivotal Phase III program for YCAM for the treatment of common warts. As part of this amended agreement, we're able to finalize a path to receive up to $18,000,000 in non dilutive capital in 2025, which includes an $8,000,000 milestone payment already received from Tory earlier in July. If Tory obtains approval for molluscum contagiosum in Japan, which may occur by the 2025, this amended agreement provides that we would receive an additional milestone payment of $10,000,000 in cash rather than offset to trial costs as previously contemplated. For our investors, it is important to put into proper context the tremendous benefits of this revised agreement. This deal enables us to strengthen our balance sheet without the need to issue a single share of new common stock.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Of course, the arrangement with Tory also provides Verica with critically important drivers of long term value. Tori committed funding of $40,000,000 for this global program. The $40,000,000 is expected to cover around 90% of the program costs, and Verica is committed to funding the remainder of the program. As you may recall, Verica and Torii will split the costs fifty-fifty, with Verica having the ability to offset its 50% against future milestones, royalties, and transfer payments. We plan to initiate a manufacturing transfer to Tory for YCAMP applicators to be sold in Japan, which is expected to take place in stages over the next few years.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

In the interim, we will continue to receive from Tory a transfer price for applicators manufactured by Verica's manufacturing partners. After the transfer of at least one component of the manufacturing process, Verica will begin receiving royalties related to net sales in Japan of applicators manufactured by Tori and or its manufacturing partners. This commitment further allows Verica to advance this critical development program in a non dilutive way. Tori's partnership provides us the funding needed to see the global phase three program to completion and provides us with a clear pathway to potentially seek the label expansion. Furthermore, we retain 100% ownership of the global rights to YCANT for all indications in all territories outside of Japan.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

We believe that the preservation of these exclusive rights may have profoundly transformative implications for the future long term value of our company. We are also working with Tori to launch the global Phase III program evaluating YCAM for the treatment of common warts and Verica expects to dose the first patient in this global phase three program in The United States in the 2025. I'd also like to address our lending partner, OrbiMed. In mid June, we disclosed an amendment to our credit agreement with OrbiMed, where they agreed to waive the going concern qualification to our financial statement for the remainder of 2025. OrbiMed continues to be a great partner to us throughout the implementation of our new commercial strategy for YCANT, and we very much appreciate their continued support.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

I'll now provide a brief update on our clinical stage programs. Based on Tori's NDA filing for molluscum in late twenty twenty four, we expect a regulatory decision on YCAM designated TO-two zero eight in Japan by the end of the year. Over one point six million patients in Japan alone contract molluscum annually, which represents a significant market opportunity. And we look forward to Tore sharing updates on their regulatory approval process later this year. I would like now to turn to our program in basal cell carcinoma using our novel oncolytic peptide BP315.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

As you may recall, we have previously disclosed top line safety and efficacy data regarding histological clearance and objective response rates. In the second quarter, we also received final minutes from the FDA following a successful end of Phase II meeting. Following our end of Phase II meeting with the FDA, we now have additional clarity on advancing this unique and promising therapy into a pivotal Phase III program. We plan to explore opportunities to fund the basal cell program, which may include strategic non dilutive partnerships for financing both the development of the program as well as post approval commercialization with potential multibillion dollar opportunity in the most common form of skin cancer. Planning activities are already underway, including engaging with potential clinical research organizations to manage the study, establishing a study budget and the timelines, and identifying potential study investigators.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

We plan to provide a comprehensive overview of the basal cell program, including an announcement of additional genomic and immune response data later this year at a scientific conference. I'll now turn the call over to our Interim Chief Financial Officer, John Kirby.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

Thanks, Jason. I'll now take a few minutes to summarize our financial results for the quarter ended 06/30/2025. For the 2025, we reported total revenue of $12,700,000 compared to total revenue of $5,200,000 in the 2024. Total revenue for the 2025 primarily consists of $8,000,000 of Tory milestone revenue and net YCANT revenue of $4,500,000 compared to no milestone revenue and $4,900,000 of net YCANTH revenue in the 2024. Net YCANTH revenue in the 2025 reflects shipments to our distribution partners, offset by standard gross to net adjustments, including actual or anticipated product returns, off invoice discounts, distribution fees, rebates and co pay assistance programs.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

As a reminder, in the 2024, approximately 54% of net WICANT revenue represented a one time impact of an initial stocking order from a new specialty distributor. This year, as Jason mentioned earlier, net WICANTH revenue represents orders from our distribution partners to meet demand from their customers. Gross product margins for the 2025 were approximately 93% and cost of product revenue was $300,000 with no material obsolete inventory costs. Research and development expenses of $1,800,000 in the 2025 decreased compared to the 2024 by $1,500,000 driven by a $800,000 decrease of clinical trial expenses, primarily related to VP315, as well as decreases in costs related to CMC and medical affairs expenses of $600,000 Selling, general and administrative expenses of $8,900,000 in the 2025 decreased compared to the 2024 by $7,700,000 driven primarily by the implementation of our more focused commercial strategy for Wide Camp, including a reduction in sales force of $5,700,000 decreased marketing and sponsorship costs of $1,100,000 and decreased legal costs of $900,000 Before I discuss net income and net loss per share, I will note that on July 24, we affected a reverse stock split at a ratio of one for 10 shares of our common stock.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

As a result, every 10 shares of our issued and outstanding common stock were automatically combined into one share. The $20.25 and $20.24 per share amounts I will note reflect the impact of the reverse stock split. GAAP net income was $200,000 or $02 per share for the 2025, compared to a GAAP net loss of $17,200,000 or $3.7 per share for the 2024. On a non GAAP basis, which excludes stock based compensation, non cash interest expense and change in fair value of embedded derivatives, the 2025 net income was $2,400,000 or $0.25 per share compared to a net loss of $14,400,000 or $3.11 per share for the 2024. And finally, as of 06/30/2025, Verica had aggregate cash and cash equivalents of $15,400,000 Under GAAP, the cash and cash equivalents as of 06/30/2025 would not be sufficient to fund operations for the one year period following the release of our financial statements.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

However, as Jason mentioned earlier, under our recently amended collaboration and license agreement with we received an $8,000,000 milestone payment in July. We are also eligible to receive a $10,000,000 cash milestone payment from Torii for the Japanese approval of YCANT PO-two zero eight in Japan for Molluscum. The approval decision in Japan is expected to occur by the 2025. In addition, it is also possible that we could receive up to $25,000,000 in proceeds from the exercise of Series A warrants issued as part of our November 2024 equity financing, which expire in November 2025. Nonetheless, we will continue to apply discretion in our uses of cash and explore opportunities to further bolster the strength of our balance sheet, while still advancing our commercial and clinical efforts.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

I'll now turn the call back over to Jason for closing remarks.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Thanks, John. Based on the performance for the 2025, we believe it is increasingly evident that our more focused commercial strategy is helping to drive significant demand for YCANT. This demand is being driven primarily by the unique attributes of our product, robust commercial and Medicaid insurance coverage, and most importantly, the outstanding relationships that our commercial team continues to build in the medical community. Looking at the second half of the year, I believe we remain on track to realize strong and sustainable growth based on the significant momentum in our business. We expect our commercial team will continue to execute.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

And with our recently amended agreement with Tore, Barrick has also taken important steps to realize the long term value in our late stage pipeline. We are excited about the future of our company and significant value creating opportunities that lie ahead for us as YCANF utilization continues to expand and our clinical programs into pivotal testing. With that, we would now be happy to take your questions. Operator?

Operator

Thank you. We'll take our first question from Stacy Ku with TD Cowen. Please go ahead.

Stacy Ku
Stacy Ku
Biotechnology Equity Research Analyst at Cowen

Hey there. Thanks for taking our questions and congrats on the quarter. So we have a few questions. First, now been two quarters kind of discussing high level the expansion of the sales force. So could you provide more details?

Stacy Ku
Stacy Ku
Biotechnology Equity Research Analyst at Cowen

How many additional, let's say, folks are you considering in the near term? And then for those areas of success, are you able to pinpoint what exactly is maybe the few reasons for increased YCANT adoption? So that's the first question. The second question is compounded cantharidin, something that we haven't asked about recently, so just kind of curious with the sales force that's really now reacquainting themselves with why can't and the prescribers, what are they experiencing currently in terms of maybe the feedback you're hearing there? And then last question is on consensus, which has now increased to between 15,000,000 to $20,000,000 so a touch above the $15,000,000 from before.

Stacy Ku
Stacy Ku
Biotechnology Equity Research Analyst at Cowen

So curious, what are your views? And of course, as a housekeeping, for housekeeping purposes, maybe provide some additional color around the specialty distributor. Is that going to result in any lumpiness between quarters? Thanks so much.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Well, thanks, Stacy. This is Jason. I appreciate all the questions. Keep me honest if I leave any of them out and don't answer them fully. In terms of the sales reps, we were around 35 late last year and into the beginning of this year.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

And we expect that number to stay within that range to maybe five or 10 more in short term predictable future. I think that gives us robust coverage across the country and we also buttress that with some inside sales and other support sales mechanisms. In terms of what's driving success, I think there's a lot of factors there. One, just the pure tenacity of our sales reps being out there, calling on doctors every day and advocating the support for YCAMP. But it's coupled by strong support in the medical community, the clinical and safety benefits and efficacy benefits of YCAMP for patients.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

We worked very hard to improve access to YCAMP, both through the buy and bill mechanism where the company focused initially on the launch, but also through our expanding pharmacy network where patients can access the drug via a doctor writing a script to the pharmacy and that pharmacy couriering under a white bag service right back to the doctor. So, that goes into the normal pharmacy benefit. Commercial patients only pay up to $25 for two applicators and the drug is there for their treatment. That's So, been a very big advantage. A lot of these doctors, particularly dermatologists, have preferred local pharmacies that they've worked with historically and provide great customer service, and that provides very rapid access to the drug for treatment of their patients.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

In terms of compounded conferredin, as we've said in the past, it is on the bulk drugs list. It is available and clinicians can access it. We've seen a significant change in that utilization. We still do find it on-site from time to time, but it is allowed to be used for common warts and other indications. But we've seen a larger adoption of the use of compounded cabtheridin only for that indication and much more use of YCANT for molluscum.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

We continue to simply advocate for the value proposition of YCANT for the patients and the clinicians that are treating them. In terms of consensus, I appreciate you always asking for forward looking guidance. I know that 15,000,000 to $20,000,000 is sort of where the analysts seem to be, as you indicated. I think our goal is to continue to execute quarter over quarter in growing the number of applicators to spend underlying revenue. So, at this point, we need to grow, continue to push and make that happen.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

And we'll see where the next rest of the year comes from.

Stacy Ku
Stacy Ku
Biotechnology Equity Research Analyst at Cowen

Understood. Thank you.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Thank you, Stacy.

Operator

Thank you. And we'll next go to Serge Belanger with Needham and Company. Please go ahead.

John Todaro
Senior Analyst at Needham & Company

Hi, good afternoon. This is John on for Serge today. Congrats on the continued progress and thanks for taking my questions. So you reported another solid quarter of growth in dispensed applicator units, 17 in Q1 and now 33% in Q2. So since we're still in peak season here from Molluscum, just wanted to gauge if we should expect similar growth for Q3 or more of a less pronounced growth trajectory just based on seasonality trends.

John Todaro
Senior Analyst at Needham & Company

And then second, regarding patient access, I believe you've previously mentioned the majority of pediatrics are covered under Medicaid. Just curious how progress is going there and any updates on the derm side, particularly pertaining to improvements in commercial coverage? Thanks.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Thank you. So in terms of your general guidance, we don't really give that. What we can say is, molescum seems to be a disease that exists year round. It's often diagnosed as a secondary diagnosis when a parent's at a pediatrician and asks for what is the spot on my child and we're trying to capture and encourage that treatment rather than a watch and wait mentality. We're seeing adoption of that approach both by pediatricians and by dermatologists.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

We're seeing an uptick in the number of pediatricians and the number of pathologists both who treat molluscum with YCAM. So, we're seeing that trend continue. In terms of just the general accessibility of the drug, I think that's where the growth is going to continue to come. As it's easier for clinicians to gain access to the product and the coverage continues to expand, that will continue to help. Every quarter, we seem to get greater access on either Medicaid or commercial access to YCANTH across the country as we build robust coverage both on the medical and the pharmacy side.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

So, every quarter, we seem to get greater coverage in one of those sort of four categories, and we continue to use that as a driving factor for bringing on and expanding our sales force and our commercialization efforts.

John Todaro
Senior Analyst at Needham & Company

Great. Thanks for the color.

Operator

Thank you. We'll go next to Kemp Dolliver with Brooklyn Capital. Please go ahead.

Kemp Dolliver
Director - Research & Senior Analyst at Brookline Capital Markets

Hi, good afternoon. A couple of questions on the receivables and then GTN. The receivables had a pretty sharp increase quarter to quarter. Can you comment on the drivers of that? Because it looked like they were in excess of the growth in revenue sequentially.

Kemp Dolliver
Director - Research & Senior Analyst at Brookline Capital Markets

And then also, what are you seeing with GTN particularly with the increased use of the $25 co pay program? Thank you.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

Hey, Ken, this is John. Thanks for your question. So remember that our collection terms are sixty days. So if you think about it, things that were sold in the second and third month of the quarter are being collected in the first and second month of the following quarter. So that gives rise to part of the increase. Also from the your second question, which Gross

Kemp Dolliver
Director - Research & Senior Analyst at Brookline Capital Markets

to net.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

Gross to net, sorry. You can our WAC is out there. You can get a rough estimate from the dispensed applicator units, which we are disclosing or have disclosed for the second quarter and the first quarter. As Jason noted in his comments during the beginning of the call, right, we do have we have been trying to get the product out there and get the patients treated and the copay card has been used. So that may lead to slightly different gross to nets in the future, but we haven't given direct guidance on the gross to nets.

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

Also just to sorry, to come back to your first question, just to confirm, my comments were around the commercial receivables. The $8,000,000 Tory receivable was included in a separate line item on balance sheet, but that was another $8,000,000 in receivable. But obviously, that's a unique item, shall we say.

Kemp Dolliver
Director - Research & Senior Analyst at Brookline Capital Markets

Right. And higher quality. And then just to clarify on the GTN, have you changed WACC since launch?

John Kirby
John Kirby
Interim CFO at Verrica Pharmaceuticals Inc

We have not.

Kemp Dolliver
Director - Research & Senior Analyst at Brookline Capital Markets

Okay. Thanks.

Operator

Thank you. And that does conclude today's question and answer session. I would now like to turn the call back over to Jason Rieger for final and closing remarks.

Jayson Rieger
Jayson Rieger
President & CEO at Verrica Pharmaceuticals Inc

Thank you, operator. I just like to thank everyone for joining the call this evening and we look forward to providing updates on our progress throughout 2025. Have a great evening.

Operator

Thank you. And this does conclude today's program. We thank you for your participation. You may disconnect at any time.

Executives
    • Jayson Rieger
      Jayson Rieger
      President & CEO
    • John Kirby
      John Kirby
      Interim CFO
Analysts
    • Kevin Gardner
      Managing Director at LifeSci Partners
    • Stacy Ku
      Biotechnology Equity Research Analyst at Cowen
    • John Todaro
      Senior Analyst at Needham & Company
    • Kemp Dolliver
      Director - Research & Senior Analyst at Brookline Capital Markets
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